Accrual of Additional Interest Sample Clauses

Accrual of Additional Interest. (i) If, at any time during the six (6) month period beginning on, and including, the date that is six (6) months after the Last Original Issue Date of any Note,
AutoNDA by SimpleDocs
Accrual of Additional Interest. If, on any day occurring on or after the date that is six (6) months after the Last Original Issue Date of any Note,
Accrual of Additional Interest. Additional Interest will accrue on the Notes pursuant to the terms and conditions of the Subscription Agreement, and the Company’s obligation to pay such Additional Interest will, without duplication, be deemed to be obligations under this Indenture and the Notes with the same force and effect as if the relevant provisions of the Subscription Agreement were reproduced in the Indenture and the Notes. In no event will Additional Interest, together with any Special Interest that is payable at the Company’s election pursuant to Section 7.03(A) as the sole remedy for any Reporting Event of Default, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%). For the avoidance of doubt, any Additional Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the immediately preceding sentence, in addition to any Special Interest that accrues on such Note pursuant to Section 7.03(A).
Accrual of Additional Interest. Additional Interest, if any, will accrue on any Note on each day, and in the circumstances, set forth in the Registration Rights Agreement, if any, relating to such Note. For the avoidance of doubt, no Additional Interest will accrue on any Notes issued pursuant to Section 2.03(B) and with respect to which no Registration Rights Agreement has been executed and delivered.
Accrual of Additional Interest. If, at any time on or after the Last Original Issue Date of any Note, such Note is not Freely Tradable, then Additional Interest will accrue on such Note for each day during such period on which such failure is continuing or such Note is not Freely Tradable.
Accrual of Additional Interest. If, at any time on or after the Last Original Issue Date of any Note, such Note is not Freely Tradable, then Additional Interest will accrue on such Note for each day during such period on which such failure is continuing or such Note is not Freely Tradable. For the avoidance of doubt, any Note bearing the Private Placement Legend is deemed held by an Affiliate of the Company and no Additional Interest will accrue on the such Note.
Accrual of Additional Interest. If, at any time during the six (6) month period beginning on, and including, the date that is six (6) months after the Last Original Issue Date of any Note, Parent fails to timely file any report (other than Form 8-K reports) that it is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act (after giving effect to all applicable grace periods thereunder, including under the rules and regulations promulgated by the SEC), then Additional Interest will accrue on such Note for each day during such period on which such failure is continuing. In addition, Additional Interest will accrue on a Note on each day on which such Note is not Freely Tradable on or after the De-Legending Deadline Date for such Note.
AutoNDA by SimpleDocs
Accrual of Additional Interest. Additional Interest will accrue on the Notes pursuant to the terms and conditions of the Registration Rights Annex and Section 3.40 hereof. In no event will Additional Interest accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%). For the avoidance of doubt, any Additional Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note.
Accrual of Additional Interest. If, after the Issue Date, other than in an Exempt Issuance, the Company or any of its Subsidiaries issues or otherwise sells any shares of Common Stock, or any options, warrants or other rights to purchase or otherwise acquire (whether immediately, during specified times, upon the satisfaction of any conditions or otherwise) any shares of Common Stock, in each case at an Effective Price per share of Common Stock that is less than the Reference Price in effect as of the date of the issuance or sale (the “Degressive Issuance Date”) of such rights, options or warrants (such an issuance or sale, a “Degressive Issuance”), then Additional Interest will accrue on each outstanding Physical Note held of record by any of the Initial Holders or any of their Affiliates or Affiliated Entities on each day that occurs on or after such Degressive Issuance Date; provided, however, that no Additional Interest will accrue after the High Yield Security Trigger Date if a Requisite Stockholder Approval Failure has occurred. For the avoidance of doubt, if a Degressive Issuance occurs before the High Yield Security Trigger Date and a Requisite Stockholder Approval Failure occurs on the High Yield Security Trigger Date, then Additional Interest will accrue as provided in this Section 3.05 from, and including, the applicable Degressive Issuance Date to, and including, the High Yield Security Trigger Date. For the avoidance of doubt Additional Interest will not be payable on Notes that are not Physical Notes that are held of record by any of the Initial Holders or any of their Affiliates or Affiliated Entities.
Accrual of Additional Interest. Additional Interest will accrue on the Notes pursuant to the terms and conditions of the Registration Rights Agreement, and the Company’s obligation to pay such Additional Interest will, without duplication, be deemed to be obligations under this Indenture and the Notes with the same force and effect as if the relevant provisions of the Registration Rights Agreement were reproduced in the Indenture and the Notes. In no event will Additional Interest, together with any Special Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%). For the avoidance of doubt, any Additional Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the immediately preceding sentence, in addition to any Special Interest that accrues on such Note.
Time is Money Join Law Insider Premium to draft better contracts faster.